prc30 on Nostr: China Morning Missive Very surprised to see an actual story on #China that matches ...
China Morning Missive
Very surprised to see an actual story on #China that matches with the reality on the ground.
For a number of years all we’ve seen in the Western media are claims that Beijing has strangled the entire private sector. While a number of individuals have seen their wings clipped, there remains a highly vibrant community of small companies developing a host of new products and services. DeepSeek is just one of thousands of examples.
Much as the author states, and a point I’ve been hammering on for quite some time (Keynes is Dead in China!!) “The Chinese economy is in the process of massive structural change and change on a scale and pace that inevitably creates dislocations”.
American leadership needs to quickly learn that China isn’t in a period of decline. Beijing leadership simply recognized that the economic model driven by real estate and infrastructure wasn’t sustainable. Exiting that system and moving to a new system based on high value add manufacturing and consumption is underway. Will it be a successful shift? That remains to be seen. Still, the pain trade was needed and the pain trade is the choice that was made. LynAlden (npub1a2c…w83a) james (npub1cj9…0efa)
https://www.afr.com/technology/deepseek-is-a-sign-of-china-s-structural-shift-not-decline-20250207-p5labt
Very surprised to see an actual story on #China that matches with the reality on the ground.
For a number of years all we’ve seen in the Western media are claims that Beijing has strangled the entire private sector. While a number of individuals have seen their wings clipped, there remains a highly vibrant community of small companies developing a host of new products and services. DeepSeek is just one of thousands of examples.
Much as the author states, and a point I’ve been hammering on for quite some time (Keynes is Dead in China!!) “The Chinese economy is in the process of massive structural change and change on a scale and pace that inevitably creates dislocations”.
American leadership needs to quickly learn that China isn’t in a period of decline. Beijing leadership simply recognized that the economic model driven by real estate and infrastructure wasn’t sustainable. Exiting that system and moving to a new system based on high value add manufacturing and consumption is underway. Will it be a successful shift? That remains to be seen. Still, the pain trade was needed and the pain trade is the choice that was made. LynAlden (npub1a2c…w83a) james (npub1cj9…0efa)
https://www.afr.com/technology/deepseek-is-a-sign-of-china-s-structural-shift-not-decline-20250207-p5labt